1 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11606650 2023-01-01 2023-12-31 11606650 2023-12-31 11606650 2022-12-31 11606650 2022-01-01 2022-12-31 11606650 2022-12-31 11606650 core:PlantMachinery 2023-01-01 2023-12-31 11606650 core:FurnitureFittings 2023-01-01 2023-12-31 11606650 core:NetGoodwill 2023-01-01 2023-12-31 11606650 bus:Director1 2023-01-01 2023-12-31 11606650 core:NetGoodwill 2023-12-31 11606650 core:PlantMachinery 2022-12-31 11606650 core:FurnitureFittings 2022-12-31 11606650 core:PlantMachinery 2023-12-31 11606650 core:FurnitureFittings 2023-12-31 11606650 core:WithinOneYear 2023-12-31 11606650 core:WithinOneYear 2022-12-31 11606650 core:ShareCapital 2023-12-31 11606650 core:ShareCapital 2022-12-31 11606650 core:RetainedEarningsAccumulatedLosses 2023-12-31 11606650 core:RetainedEarningsAccumulatedLosses 2022-12-31 11606650 core:NetGoodwill 2022-12-31 11606650 core:NetGoodwill 2022-12-31 11606650 core:PlantMachinery 2022-12-31 11606650 core:FurnitureFittings 2022-12-31 11606650 bus:SmallEntities 2023-01-01 2023-12-31 11606650 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11606650 bus:FullAccounts 2023-01-01 2023-12-31 11606650 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11606650 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11606650 core:LandBuildings 2023-01-01 2023-12-31 11606650 core:IntangibleAssetsOtherThanGoodwill 2023-01-01 2023-12-31 11606650 core:IntangibleAssetsOtherThanGoodwill 2023-12-31 11606650 core:LandBuildings 2022-12-31 11606650 core:LandBuildings 2023-12-31
COMPANY REGISTRATION NUMBER: 11606650
MUDCONTROL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
MUDCONTROL LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Intangible assets
5
7,475
1
Tangible assets
6
28,489
31,166
--------
--------
35,964
31,167
CURRENT ASSETS
Stocks
163,890
290,463
Debtors
7
3,995
14,466
Cash at bank and in hand
463,552
209,820
---------
---------
631,437
514,749
CREDITORS: amounts falling due within one year
8
278,275
238,985
---------
---------
NET CURRENT ASSETS
353,162
275,764
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
389,126
306,931
PROVISIONS
3,517
2,790
---------
---------
NET ASSETS
385,609
304,141
---------
---------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
385,509
304,041
---------
---------
SHAREHOLDERS FUNDS
385,609
304,141
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MUDCONTROL LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 19 March 2024 , and are signed on behalf of the board by:
Mr R W M Feuler
Director
Company registration number: 11606650
MUDCONTROL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Domains
-
Over 10 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance
Prefabricated office building
-
10% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2022: 2 ).
5. INTANGIBLE ASSETS
Goodwill
Domains
Total
£
£
£
Cost
At 1 January 2023
1
1
Additions
8,305
8,305
----
-------
-------
At 31 December 2023
1
8,305
8,306
----
-------
-------
Amortisation
Charge for the year
831
831
----
-------
-------
At 31 December 2023
831
831
----
-------
-------
Carrying amount
At 31 December 2023
1
7,474
7,475
----
-------
-------
At 31 December 2022
1
1
----
-------
-------
6. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Prefabricated office building
Total
£
£
£
£
Cost
At 1 January 2023
22,943
2,651
20,605
46,199
Additions
3,385
3,385
--------
-------
--------
--------
At 31 December 2023
26,328
2,651
20,605
49,584
--------
-------
--------
--------
Depreciation
At 1 January 2023
10,038
874
4,121
15,033
Charge for the year
3,734
267
2,061
6,062
--------
-------
--------
--------
At 31 December 2023
13,772
1,141
6,182
21,095
--------
-------
--------
--------
Carrying amount
At 31 December 2023
12,556
1,510
14,423
28,489
--------
-------
--------
--------
At 31 December 2022
12,905
1,777
16,484
31,166
--------
-------
--------
--------
7. DEBTORS
2023
2022
£
£
Trade debtors
324
12,569
Other debtors
3,671
1,897
-------
--------
3,995
14,466
-------
--------
8. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
9,173
30,713
Corporation tax
63,033
28,073
Social security and other taxes
153,861
113,314
Other creditors
52,208
66,885
---------
---------
278,275
238,985
---------
---------